Vijaya Bank Q1 Profit Up 22 Per Cent at Rs 161 Crore
New Delhi: State-run Vijaya Bank on Monday reported a 22 per cent increase in net profit at Rs 161.46 crore for the quarter ended June 2014.
The Bangalore-based lender had posted a net profit of Rs 132.46 crore for the corresponding period a year ago, it said in a filing to the BSE.
Total income during the quarter increased to Rs 3,189.85 crore from Rs 2,698.82 crore in the year-ago period.
As of June 30, the bank's portfolio quality deteriorated further with gross non-performing assets (NPAs) rising to 2.68 per cent of gross advances as against 2.42 per cent a year ago.
Net non-performing assets (NPAs) during the quarter rose to 1.77 per cent from 1.45 per cent in the year-ago period.
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